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4. The following is extracted trial balance of Grey Grig Ltd as at 30 June 2019. Grey Grig Ltd Trial Balance as at 30 June 2019 Particulars Debit (RM) Credit (RM) Equipment rental 940 Insurance 1,804 Lighting and heating expenses 1,990 Motor expenses 2,350 Salaries and wages 48,580 Sales 382,420 Purchase 245,950 Sundry expenses 624 Lorry 19,400 Account payable 23,408 Account receivable 44,516 Fixtures 4,600 Shop 174,000 Cash at bank 11,346 Drawings 44,000 Capital 194,272 TOTAL 600,100 600,100 Inventory at 30 June 2019 was RM29,304. Required: i. Statement of Profit and Loss and Others Comprehensive Income for the year ended 30 June 2019 ii. Statement of Financial Position as 30 June 2019

4. The following is extracted trial balance of Grey Grig Ltd as at 30 June 2019. Grey Grig Ltd Trial Balance as at 30 June 2019 Particulars Debit (RM) Credit (RM) Equipment rental 940 Insurance 1,804 Lighting and heating expenses 1,990 Motor expenses 2,350 Salaries and wages 48,580 Sales 382,420 Purchase 245,950 Sundry expenses 624 Lorry 19,400 Account payable 23,408 Account receivable 44,516 Fixtures 4,600 Shop 174,000 Cash at bank 11,346 Drawings 44,000 Capital 194,272 TOTAL 600,100 600,100 Inventory at 30 June 2019 was RM29,304. Required: i. Statement of Profit and Loss and Others Comprehensive Income for the year ended 30 June 2019 ii. Statement of Financial Position as 30 June 2019

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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4. The following is extracted trial balance of Grey Grig Ltd as at 30 June 2019.
Grey Grig Ltd
Trial Balance as at 30 June 2019
Particulars Debit (RM) Credit (RM)
Equipment rental 940
Insurance 1,804
Lighting and heating expenses 1,990
Motor expenses 2,350
Salaries and wages 48,580
Sales 382,420
Purchase 245,950
Sundry expenses 624
Lorry 19,400
Account payable 23,408
Account receivable 44,516
Fixtures 4,600
Shop 174,000
Cash at bank 11,346
Drawings 44,000
Capital 194,272
TOTAL 600,100 600,100
Inventory at 30 June 2019 was RM29,304.
Required:
i. Statement of Profit and Loss and Others Comprehensive Income for the year
ended 30 June 2019
ii. Statement of Financial Position as 30 June 2019

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